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- Canadian producers are selling their oil at hefty discounts to WTI, not only because of the heavier sour variety they are pumping out of the oil sands, but also because of limited pipeline capacity that moves the oil out of landlocked Alberta—the heart of the Canadian oil industry.
oilprice.com/Energy/Energy-General/Why-Canadian-Crude-Trades-At-Such-A-Steep-Discount.html
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Nov 14, 2017 · Canadian producers are selling their oil at hefty discounts to WTI, not only because of the heavier sour variety they are pumping out of the oil sands, but also because of limited pipeline...
Dec 13, 2018 · In Canada, light and heavy benchmarks, priced out of Alberta, largely trade at a discount to WTI. However, some streams, such as condensate and synthetic crude produced through bitumen upgrading, can trade close to par or even at a small premium to the US benchmark.
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
This discount is partly because of the higher cost of refining heavy oil compared to light oil and sour crude compared to sweet crude. But a more significant portion of this discount is because of limited transportation capacity from northern Alberta to oil markets.
Nov 11, 2021 · The quality discounting problem seen today is bigger — more global and more complicated — than the expected Canadian crude transportation story. We’re seeing similar widening trends across other regional and global crude differentials.
CALGARY — Oil from Western Canada is once again trading at a significant discount compared to global prices, and some experts say recovery isn’t expected until later in 2023.
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
